Tuesday, June 26, 2012

European Council President Herman Van Rompuy Releases Terrifying Proposals Ahead of This Week's Summit

Never let a good crisis go to waste.
I loathe EUrocrats almost as much as I loathe UNocrats.*
From Reason's Hit & Run blog:

Herman Van Rompuy, President of the European
Council, has released a
terrifying document outlining plans for “genuine economic and
monetary union” ahead of this week’s summit.

Rompuy, once chastised by
Nigel Farage as having “the charisma of a damp rag and the
appearance of a low grade bank clerk”, is making sure that this
crisis does not go to waste and is using it to implement what many
in Brussels have wanted for a long time.

The founding document of the European Union emphasizes the need
for “an ever closer union among the European people.” While the
euro may have been a disastrous attempt to achieve this goal,
something much more worrying could be the result of the currency’s
gradual collapse.

The new document outlines “four essential building blocks”: 1)
an integrated financial framework, 2) an integrated budgetary
framework, 3) an integrated economic policy framework, and 4)
ensuring the necessary democratic legitimacy and accountability of
decision-making with the EMU (Economic and Monetary Union).

There are many integrations and frameworks being proposed. What
the document is outlining is the need for a European-wide banking
supervision service, a deposit guarantee scheme, the pooling of
debt, shared employment law and taxation levels, and the vetoing of
member states’ budgets. The possibility of the eurozone as a whole
borrowing money will be “explored”. German finance minister
Wolfgang Schaeuble has called for the introduction of a European
finance minister and an elected President of Europe....MORE

This
is, of course, light by an order of magnitude but the EU rulers (alas,
they think of themselves as rulers, not servants of the people) are
masters of the "Camel's nose under the tent" school of government. They
know that if they told the populace the truth they might be treated
rougher than Louis XVI was.

When MEP's dream, are they Capetian or Carolingian?
Capetian, methinks.

I've always liked the Carolingians better,
they seemed more human-

Charles II, the Bald
Louis II, the Stammerer
Charles, the Fat
Charles III, the Simple
Along the lines of the Brit's Aethelred II, the Unready
(my fav. royal nickname)

Anyhoo, from the Economic Times (India):...

Now we read in the Telegraph: 'Palace, jet and personal staff of 22' for the new EU president

Don't email, I know about Herr Professor Doktor Sauer and Carla Bruni, Just roll with me on this.
Europe has not been the same since the HRE folded its tent in 1806 after
Napolean beat Francis II and forced him to abdicate on August 6.
Now 205 years to the day later....
I'm sorry, I can't continue.

The HR Emperor was the German top dog and that's not how I want to refer to Angela....